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Philippine Railway Company Inc
Panay Railways Inc. is a government-owned and controlled corporation of the Philippines headquartered in La Paz, Iloilo City on the island of Panay. It is a subsidiary of Phividec Railways Inc. of the Philippine Veterans Investment Development Corporation (Philvedec). The railway currently doesn't operate any trains but it leases the property that it owns and the revenue is used to defray the personnel and administrative costs incurred from looking after its assets. The company has been owned in succession by the Rehabilitation Finance Corporation which became the Development Bank of the Philippines (1945–74), and then it was sold to the Philippine Veterans Investment Development Corporation (Philvedec) (1974–79) In 1979, management and operations were transferred to the Philippine Sugar Commission (Philsucom) which changed the company's name to the current Panay Railways, Inc. On September 26, 1995, PHIVIDEC re-took ownership of Panay Railways from the Sugar Regulat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panay Railways Logo
Panay is the sixth-largest and fourth-most populous island in the Philippines, with a total land area of and has a total population of 4,542,926 as of 2020 census. Panay comprises 4.4 percent of the entire population of the country. The City of Iloilo is its largest settlement with a total population of 457,626 inhabitants as of 2020 census. Panay is a triangular island, located in the western part of the Visayas. It is about across. It is divided into four provinces: Aklan, Antique, Capiz and Iloilo, all in the Western Visayas Region. Just closely off the mid-southeastern coast lies the island-province of Guimaras. It is located southeast of the island of Mindoro and northwest of Negros across the Guimaras Strait. To the north and northeast is the Sibuyan Sea, Jintotolo Channel and the island-provinces of Romblon and Masbate; to the west and southwest is the Sulu Sea and the Palawan archipelago and to the south is Panay Gulf. Panay is the only main island in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
